About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Email this page Print this page
Qzone

MALAYSIA: New Incentives Aim to Boost Ship Building and Repair Sector

First-time investors in the ship building and repair sector will now qualify for a 70% tax exemption on statutory income for five years or a 60% tax allowance on qualifying capital expenditure (CAPEX) incurred within the first five years of operation. Alternatively, companies already active in the sector will be eligible for 60% investment tax allowance on any additional qualifying CAPEX incurred within five years.[1]

The incentives form part of a government bid to boost Malaysia’s ship building and repair industry. By 2020, the government expects the industry to generate RM6.35 billion (US$1.58 billion) in gross national income, while also providing 55,000 jobs.

 


[1]  Malaysian Investment Development Authority official website

 

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)